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Friday, 08 October 21
COAL SHORTAGE MAY LEAD TO RISE IN STEEL PRICES IN COMING MONTHS: JSPL MD - PTI
 Steel prices are expected to increase in the coming months as companies are buying coal at three times the rates a month ago, said a top industry executive on Wednesday.
A tonne of coal, which was in the range of Rs 4,000-6,000 a tonne, is now costing Rs 8,000-Rs 12,000 a tonne, Jindal Steel and Power Ltd (JSPL) Managing Director V R Sharma told PTI in a telephonic interaction.
He made the remarks while responding to a question related to the supply of coal in India.
“Steel in India at present is in the range of Rs 50,000-Rs 55,000 a tonne. Shortage of coal has led to an increase in its prices that will have an impact on steel which may also go up due to this unprecedented rise,” he said.
Sharma did not elaborate as to what extent the steel prices may go up in the future.
Sharma, who has over 35 years of industry experience, said India consumes 1,200 million tonnes of thermal coal or steam coal per year.
However, state-owned Coal India Ltd (CIL) produces 800 MT annually, a shortfall of 400 MT.
The domestic steel industry alone consumes 150 MT of coal per year, he said adding that for 120 MT or 80 per cent of the requirement, the players remain dependent on CIL. Steel players use coal as fuel to produce power to run plants and produce steel through the directly reduced iron (DRI) route.
“CIL is asking the players to come through e-auction to buy the coal. One month earlier, per mega/cal of coal was between 0.70 paise to Re 1. Yesterday (on Tuesday), it was at Rs 2.8 per mega/cal. Nearly three times higher,” Sharma said.
It means a tonne of coal, which was earlier in the range of Rs 4,000-6,000 per tonne, is now at Rs 8,000-Rs 12,000 per tonne, he added.
Sharma further said the crisis can be managed if CIL increased its production. The company must produce 100 MT coal per month to meet the annual demand of 1,200 MT, which comes from various industries like power, aluminium and copper.
India has coal reserves of 350 billion tonnes and CIL does not produce even one billion tonnes, he said.
“This is the best time for CIL to exceed the expectations of the country in this need of the hour. The increasing output will not only stabilise the prices but also reduce dependence on imports and make India Atmanirbhar in coal,” Sharma said.
Source: Press Trust of India
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Wednesday, 09 February 22
CHINESE COAL MARKS BEST DAY IN 4 MONTHS ON TIGHT SUPPLY, HIGH DEMAND - REUTERS
China’s coal futures on Tuesday recorded their best session since Bejing’s mid-October intervention to cool runaway prices, aided by co ...
Friday, 04 February 22
RENEWABLES ON THE RISE, COAL CONTINUOUSLY FALLING - EUROPEAN COMMISSION
Although oil (34.5%) and natural gas (23.7%) were still the most important fuel sources in the EU energy mix in 2020, renewable energy’s shar ...
Thursday, 03 February 22
COAL SHORTAGE NOW AT ALARMING LEVELS, SAY ALUMINIUM PRODUCERS - IANS
With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Alumi ...
Wednesday, 02 February 22
HIGH COKING COAL PRICES PROVIDE GLIMPSE INTO STEELMAKING'S FUTURE - MCKINSEY
Last year was a volatile one in global commodity markets. Demand for coking coal, an essential raw material in the production of steel, was extreme ...
Wednesday, 02 February 22
INDONESIA'S RESTRICTIONS ON COMMODITIES RATTLE MARKETS, MORE MOVES LIKELY - REUTERS
In just the first month of this year, Indonesian policymakers have rattled global markets with restrictions on some of its biggest commodities expo ...
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- Georgia Ports Authority, United States
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- White Energy Company Limited
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- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
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- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
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- Bukit Makmur.PT - Indonesia
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- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
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- Independent Power Producers Association of India
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- Planning Commission, India
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